Boys & Girls Clubs of Southeast Virginia

Analysis

Boys & Girls Clubs of Southeast Virginia is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in November 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Boys & Girls Clubs of Southeast Virginia reported income of $3.7m and spending of $3.7m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $3.7m (+34%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Boys & Girls Clubs of Southeast Virginia sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Bellin Health Foundation Inc ($3.7m), Habitat for Humanity International Inc ($3.7m) and Fresh Start Surgical Gifts ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $296k (8.1% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.8m against liabilities of $1.6m, net assets of $8.2m. It reported 112 employees.